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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 605 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “money got from a sale” is the cost price. (a) True (b) False
  2. 2.It costs ₹57 to make one jute bag. Diya sells it for ₹74. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.Diya makes 28 friendship bands at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  7. 7.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  8. 8.Kabir makes 25 paper bookmarks at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  9. 9.It costs ₹43 to make one cup of lemonade. On the last day Diya sells it for only ₹39. How much is the loss on one (in ₹)?
  10. 10.Nisha makes 14 painted pebbles at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.One handmade card costs Diya ₹18 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.Dev makes 28 paper bookmarks at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.It costs ₹58 to make one jute bag. Ishaan sells it for ₹62. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs Gurpreet ₹60 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹6 to make one fruit cup. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One cup of lemonade costs Nisha ₹53 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One jute bag costs Rohan ₹32 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.True or false: “money spent to get it” is the cost price. (a) False (b) True
  23. 23.It costs ₹56 to make one potted plant. On the last day Gurpreet sells it for only ₹49. How much is the loss on one (in ₹)?
  24. 24.Zoya makes 18 jute bags at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  25. 25.It costs ₹59 to make one potted plant. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  26. 26.One bag of popcorn costs Joseph ₹50 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.True or false: “what a customer pays” is the selling price. (a) False (b) True
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.Joseph makes 10 paper bookmarks at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  31. 31.It costs ₹39 to make one paper bookmark. On the last day Nisha sells it for only ₹37. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.It costs ₹49 to make one handmade card. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  34. 34.It costs ₹33 to make one cupcake. Nisha sells it for ₹45. What is the profit on one (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) False (b) True
  36. 36.One jute bag costs ₹59 to make. Arjun wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  38. 38.True or false: “money spent to get it” is the selling price. (a) True (b) False
  39. 39.Ishaan makes 21 potted plants at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  40. 40.It costs ₹17 to make one handmade card. Riya sells it for ₹28. What is the profit on one (in ₹)?

Answer key

  1. False
  2. 17
  3. selling price
  4. cost price
  5. selling price
  6. 280
  7. what the buyer pays
  8. 375
  9. 4
  10. 28
  11. True
  12. Loss
  13. 308
  14. cost price
  15. 4
  16. Loss
  17. 1
  18. selling price
  19. Profit
  20. Loss
  21. cost price
  22. True
  23. 7
  24. 162
  25. 2
  26. Loss
  27. selling price
  28. True
  29. False
  30. 100
  31. 2
  32. cost price
  33. 5
  34. 12
  35. False
  36. 67
  37. SP more than CP
  38. False
  39. 147
  40. 11

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